GBP/USD Buy Above Fractal 1.5963 - For January 09, 2013 (Daily Strategy) Trend News

The British pound is testing the psychological level of 1.60. It serves as a reference for investors, lower is 1.5963 fractal, as you can see from the chart. It will serve as the last barrier as a support. Indicators are showing oversold and it is likely to be a bullish rebound for the next few hours. The trend will be defined tomorrow with the data of the interest rate. Today considerable movements are not expected, so we should be cautious and operate with low leverage. Given that the pair is above the 200 day moving average periods, we remain bullish on this pair in the long term.

Therefore, we recommend buying above the psychological level of 1.60, or in case there is a rebound in the daily fractal, we can buy with objectives to the next fractal 1.6135.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via GBP/USD Buy Above Fractal 1.5963 - For January 09, 2013 (Daily Strategy) . Thanks for your support on GBP/USD Buy Above Fractal 1.5963 - For January 09, 2013 (Daily Strategy)

Silver Remains Grossly Bullish. 29.22 Level Is Potential Larger Swing Support Trend News

Technical Outlook and Chart Setups:

The trend structure remains unchanged since range breakout; swing movement from A to B as depicted here. Please note that prices have just completed a gartley (downswing within the larger upswing) on last Friday; the level beings at 29.22. Till the time prices stay above this level, it is strongly recommended to buy on every intraday dip. Immediate resistance is at 31.50, followed by 32.50, 33.50, and 34.30/40 respectively. Looking higher from here on.

Trading Recommendations:

Hold long positions taken earlier, buy further on intraday dips, stop is at 29.00, and target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via Silver Remains Grossly Bullish. 29.22 Level Is Potential Larger Swing Support . Thanks for your support on Silver Remains Grossly Bullish. 29.22 Level Is Potential Larger Swing Support

GbpChf Shortterm Bullish Momentum Seen. 1.4900 Is Resistance Trend News

Technical Outlook and Chart Setups:

The overall structure of lower lows and lower highs remains unchanged for now. A daily chart view is depicted here, and till the time prices are below the 1.5050/60 mark, the single currency pair is headed south. Please note that Fibonacci support extends toward 1.46 and 1.45 on daily chart. Smaller timeframes (15min/1hour) are indicating a bullish bounce towards 1.4900 level. It is recommended to remain short on positions taken earlier and add further short positions around 1.49 level today. One can expect short-term bullish bounce but the trend is looking lower towards 1.46 at least.

Trading Recommendations:

Hold short positions, add further around 1.49 level, stop is at 1.5, and target is at 1.46 and 1.45.

Good luck!

The material has been provided by Instaforex Company - instaforex.com



For detail explanation and best discovery on market trends you may visit via GbpChf Shortterm Bullish Momentum Seen. 1.4900 Is Resistance . Thanks for your support on GbpChf Shortterm Bullish Momentum Seen. 1.4900 Is Resistance